How it Works

Requesting a payday loan is easy with 7daypayday.com. Fill out one easy form on 7daypayday.com and your inquiry will be submitted to our network of payday loan lenders. Payday loans range between $100 to $1000 without having to leave the comfort of your home. All you've got to do is to fill out the inquiry form online at our website and then wait a minute as we match you to a vast network of lenders. Once it is approved you will then be redirected over to a lender's page, where you should be able to find the terms (including rates and fees) of the loan. If you accept these terms you will then have the funds deposited to your bank.

Most lenders have the following requirements to be approved:

You should be employed at your preset job for a good 90 days.

You should be a US citizen, or a permanent resident over the age of 18.

You should have an income of around $1000 a month after tax deductions.

You will also need a checking account which is in your name.

You should provide working work and home phone numbers.

You should provide a working email address.

Quick Inquiry Process

A lender that you have been matched with will receive your inquiry within seconds. Lender will then contact you and will require additional information such as your fax number in order to fax you a few things and for you to fax them a few things such as your pay stub etc.

Send Cash Directly to You

After lender has been approved your application the loan will then be transferred to your checking account.

Private and Secure

We make use of the most secure and advanced encryption technology in order to protect your private data.

Automated Repayment

The loan fees and the loan will be withdrawn automatically from your checking account when it is due, so you do not have to do anything.

Late Payments

There are numerous cash advance lenders who are a part of our network but follow different late payment policies. It is up to you to read through and understand their policies prior to appending a digital signature in order to constitute your legal obligation to pay back the loan. However, the state laws in some places will determine how much late fees a lender can charge.

Loan Extensions

The state laws will determine if a lender can grant a rollover or an extension. There are some states that allow many rollovers and there are some that forbid this practice all together.

People who are late with their payment actually permit the lender to charge them late fees and make a request for immediate payment of the balance amount. If the person defaults, he or she is subjected to more fees as previously described in the agreement they signed. You should calculate your repayment before accepting the loan. Even though these loans are convenient they can cause lots of distress if not repaid.

Lenders belonging to Community Financial Services Association of America have been permitted to provide borrowers with an extended payment plan once every 12 months.

Loan Default

Lenders which are a part of 7daypayday.com's network will pursue collections after the due date has passed to the fullest extent of the law. There will be criminal charges in addition to fees which could apply if the loan is not repaid.

However, if the lender is a part of CFSA you'll be saved being levied criminal charges on.